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A simple plan to keep your assets safe from an out-of-control government
By Terry Coxon, Casey Research
By keeping all your assets in the country where you live, you commit, ahead of time, to ratify whatever policy your home government might adopt, no matter how objectionable, unreasonable or pernicious that policy happens to be. If the next new mandate is “Register today to get a nail pounded into your head,” you’re already signed up.
Americans, by and large, run all their affairs within the confines of the US. The US economy is so large and so varied that it’s easy to assume that everything you want to do with your wealth can be done without crossing any borders. And people in the US, like people anywhere, live with the habits and attitudes developed over generations. They’re only human. In the case of Americans, those habits grew out of long experience with a government that was small and that generally practiced the rare virtue of following its own laws. In a happy exception to mankind’s experience with rulers, there was little to fear from it. Continue reading
New Year’s Resolutions for Your Gold Portfolio
It’s exciting to think we may be nearing a mania in gold. The price will likely double or more within a 12-month period not too far in the future (it rose 125.7% in 1979). And yet, amazingly, there will be investors who lose money in that run.
How? Chasing returns. Jumping in and out of positions. Too emotional. Underinvested. Lack of diversification. Inappropriate expectations. Ironically, all of these are within the control of the investor.
While you likely have some exposure to precious metals if you’re reading this, is your portfolio arranged in the most effective ways to take full advantage of the ongoing bull market? In my opinion, there is a material difference between those who will make enough money to vacation in Malibu vs. those who could choose Milan. Continue reading
Will Gold Get Scarce?
By Jeff Clark, BIG GOLD
We’ve got it easy right now. Click or call, and you can quickly and conveniently own a gold coin or bar. But if global concerns cause another panic or the dollar breaks down, you could find yourself standing in a line at the local coin shop or getting a busy signal. Simply, for reasons I’ll discuss here, you may find it very difficult to get your hands on physical gold when that time comes.
It’s happened before. Though there were no precious metal ETFs in 1980, the demand for physical gold was so great that you literally had to wait in line at a coin shop to buy, with plenty of occasions when you would have been turned away due to lack of inventory. And you’ll recall we saw serious shortages, unexpected delays, and soaring premiums in late 2008.
Given the fragile state of global affairs and the waiting-in-the-wings crisis for the U.S. dollar, I’ll be surprised if we don’t see another panic into physical gold. And the question is, will there be enough metal to go around when the public – 95% of which own none – wakes up and wants to buy it? Continue reading
All Golden Eggs in One Basket
Dear Editor,
I am a college student and amateur trader. I have a friend of a
friend who I have the unfortunate acquaintance with every now an then,
and when so I get to hear his loud obnoxiousness. He is a strong
believer in the “fraud” of Keynesian Economics and thinks I am
“foolish” to invest in stocks. He has recently inherited a fair sum of
money and has invested it solely in Silver and Gold. Continue reading
Gold Meltdown or Mania – Batten Down the Hatches
By Louis James, Senior Editor, Casey’s International Speculator
As Doug Casey said recently, we expect things to come unglued soon. With the ongoing madness in Europe, it seems to me that things are starting to look visibly less well glued already.
In contemplating the possibility of another stock market meltdown, it seems important to me that in spite of the exuberance with which investors rushed back into the market over the last year, the memory of 2008 remains vivid, tempering enthusiasm with caution. For example, the market still has relatively little appetite for early-stage, grassroots exploration projects; by our latest estimates, Mr. Market is willing to pay on the order of ten times more for Proven & Probable ounces in the ground than for less certain resource categories. With this evidence of caution in mind, and the great unwinding of the broader credit markets well underway, it seems likely that our sector is less leveraged than it was before the crash of 2008.
If a panic in the broader markets put liquidity-crunch-induced pressure on the gold price, the meltdown should be less severe than in 2008 and the eventual rebound could be dramatic, possibly triggering the mania we’ve been calling for.
Detecting Fake Gold
If you have ever bought a fake gold coin on eBay it can be a heart wrenching experience… let me tell you! Fortunately, my story has a happy ending (for me at least). After paying to get it certified by one of the big coin graders (PCGS or NGC), (I was told it was a fake) fortunately I was able to get my money refunded from the seller.
To be fair to him, he didn’t know it was a fake when he sold it, but this is why you have to be careful… it was definitely not a “happy ending” for him since he had bought it as real several years earlier.
A recent eBay search turned up 1,243 results for “replica gold”. And those are only the ones who are telling you that the gold is fake! Continue reading
